Home buyer grants

SINGAPORE: Home buyers on Wednesday (Sep 11) said that the bigger grants by the Housing and Development Board (HDB) offer them wider options, including buying resale flats if they fail in the bid for a new flat.With the Enhanced Housing Grant (EHG), which took effect on Wednesday, more Singaporeans will be able to get housing grants when they buy their first home.The grant can be used for purchases of both Build-To-Order (BTO) and resale flats, and there are no restrictions on the buyers' choice of flat type or the location. Before, buyers could get a Special CPF Housing Grant only if they buy a four-room or smaller flat in a non-mature estate. The income ceiling to get the grant was also raised to S$9,000 for families or couples.HDB also announced that the income ceiling to qualify for the purchase of new flats will be raised to S$14,000 for BTO flats and S$16,000 for executive condominiums.Patient service officer Hasmiyanti Senin, 32, who … [Read more...] about More buyers to consider buying resale flats with new HDB grants

SINGAPORE: Home buyers on Wednesday (Sep 11) said that the bigger grants by the Housing and Development Board (HDB) offer them wider options, including buying resale flats if they fail in the bid for a new flat.With the Enhanced Housing Grant (EHG), which took effect on Wednesday, more Singaporeans will be able to get housing grants when they buy their first home.The grant can be used for purchases of both Build-To-Order (BTO) and resale flats, and there are no restrictions on the buyers' choice of flat type or the location. Before, buyers could get a Special CPF Housing Grant only if they buy a four-room or smaller flat in a non-mature estate. The income ceiling to get the grant was also raised to S$9,000 for families or couples.HDB also announced that the income ceiling to qualify for the purchase of new flats will be raised to S$14,000 for BTO flats and S$16,000 for executive condominiums.Patient service officer Hasmiyanti Senin, 32, who … [Read more...] about More buyers to consider buying resale flats under new HDB grants

SINGAPORE - The billionaire co-founder of Hongkong-listed AAC Technologies, which makes miniaturised components including speakers and microphones for mobile devices, is understood to be acquiring a bungalow along Leedon Park for $31 million. The price works out to $2,000 per square foot (psf) based on the freehold land area of 15,500 sq ft. On the site is a two-storey bungalow, completed less than 10 years ago, which has five bedrooms and a swimming pool. The property is in the Leedon Park Good Class Bungalow (GCB) Area. ST understands that the buyer is Ingrid Wu Chunyuan, who - together with her husband, Benjamin Pan Zhengmin - founded AAC Technologies. The company has a market capitalisation of about HK$52.6 billion (S$9.16 billion). Ms Wu, who is in her late 40s, was born in Changzhou, China, and moved to the United States in the 1990s. She later became a US citizen but is now understood to be a Singapore citizen. Alibaba cofounder James Sheng (also known as Sheng Yifei) is … [Read more...] about HK-listed AAC Technologies co-founder buys Leedon Park home

The Housing & Development Board's latest offering of 3,485 Build-To-Order (BTO) units gives Singaporeans the chance to purchase brand new homes in Tengah, Woodlands ands Kallang/Whampoa. In this article, we outline the range of available homes and dig into the numbers to find prospective home buyers the most value for their money. VARIOUS FLAT SIZES & LEASE LENGTHS AVAILABLE PRICES VARY SIGNIFICANTLY BASED ON LOCATION BTO UNITS IN WOODLANDS OFFER GREAT VALUE This is understandable given the opportunity of obtaining a 99-year lease, as well as the appeal moving into a brand new home. However, the BTO units being offered in Woodlands are materially cheaper than the median resale prices of resale flats sold in the first quarter of 2019. For those interested in this neighbourhood, BTO units appear to offer great value as new apartments with prices as much as 25 per cent cheaper than on the resale market. WAIT TIMES VARY BY PROJECT Most individuals interested in BTO units, a … [Read more...] about 6 things you need to know about the May 2019 BTO sales launch

Would-be home buyers keen to live near the city have been given a second shot at balloting for a new flat in Kallang/Whampoa. Almost 600 units in this town have been made available in the Housing Board's latest sales exercise, launched yesterday - the second time in a row that flats in a mature HDB town are being offered. As in February's sales exercise, the Kallang/Whampoa flats will probably be the most sought-after. The last exercise had nine families competing for each of the 855 three- and four-room flats. As of 5pm yesterday, 55 families had applied for 150 two-room flexi flats; 82 for 115 three-room flats; and 626 for 318 four-roomers. In all, there were 763 applications for 583 flats. The last day to apply for these flats is next Tuesday . HOW MUCH? Prices at Kempas Residences start from $117,000 for a two-room flexi flat to $562,000 for a four-room flat, before factoring in government grants. ERA Realty key executive officer Eugene Lim foresees high demand from second-timers … [Read more...] about HDB launches more than 6,700 flats in multiple estates